IMF's Viñals says ESM should backstop ECB's comprehensive assessment

ecb-office-frankfurt

The European Stability Mechanism (ESM) should be made available as one of the public backstops to the European Central Bank's (ECB's) forthcoming comprehensive assessment, according to José Viñals, an International Monetary Fund (IMF) director.

The ECB will conduct asset quality reviews and stress tests of 128 banks in the eurozone between now and October 2014 – a kind of cleansing process before assuming its supervisory role one month later.

Staff members at the central bank have insisted that

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: